Thailand is an economy that is on the rise and growing fast. It relies a lot on its exports, the exports represent more than 2/3 of the gross domestic product. It is very fast paced and is working on spreading the wealth of the country to all of the poor regions, especially those regions that are infertile. Opium sales have been reduced but heroin is still a main concern. Illegal immigrants and other drugs negatively effect the economy. Also, Thailand has recovered largely from the effects of the Indian Ocean tsunami that hit in 2004 that was extremely catastrophic.
Photo courtesy of Thailandg.com
Gross Domestic Product: $319 billion or 0.51% of the world economyPopulation: 69.8 million people asof 2010Unemployment Rate: 0.4% as of 2011Currency: Baht1 Baht = 0.0322 United States Dollars
Photo courtesy of Thailandholidays.com
Exports:
Cassava
Gypsum
Rice
Shrimp
Technology
Circuits
Electrical Appliances
Vehicles
The main countries that Thailand exports to are the European Union, Japan, China, and the United States.
Photos courtesy daviddarling.info, thai-rice.net, and permies.com
Imports:
Chemicals
Crude Oils
Fuels
Iron
Steel
The main countries that Thailand receives imports from are Japan, China, Malaysia, United States, and the European Union.
Photos courtesy of heatingoil.com, mii.org, and made in China.org
Thailand is an economy that is on the rise and growing fast. It relies a lot on its exports, the exports represent more than 2/3 of the gross domestic product. It is very fast paced and is working on spreading the wealth of the country to all of the poor regions, especially those regions that are infertile. Opium sales have been reduced but heroin is still a main concern. Illegal immigrants and other drugs negatively effect the economy. Also, Thailand has recovered largely from the effects of the Indian Ocean tsunami that hit in 2004 that was extremely catastrophic.
Gross Domestic Product: $319 billion or 0.51% of the world economyPopulation: 69.8 million people asof 2010Unemployment Rate: 0.4% as of 2011Currency: Baht1 Baht = 0.0322 United States Dollars
Exports:
The main countries that Thailand exports to are the European Union, Japan, China, and the United States.
Imports:
The main countries that Thailand receives imports from are Japan, China, Malaysia, United States, and the European Union.
The major industries that Thailand has are:
http://www.tradingeconomics.com/thailand